BIT Mining (BIT Mining) Days Payable : 29.94 (As of Sep. 2023)

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What is BIT Mining Days Payable?

BIT Mining's average Accounts Payable for the three months ended in Sep. 2023 was $24.9 Mil. BIT Mining's Cost of Goods Sold for the three months ended in Sep. 2023 was $75.8 Mil. Hence, BIT Mining's Days Payable for the three months ended in Sep. 2023 was 29.94.

The historical rank and industry rank for BIT Mining's Days Payable or its related term are showing as below:

BTCM' s Days Payable Range Over the Past 10 Years
Min: 1.56 Med: 18.25 Max: 177.97
Current: 33.59

During the past 14 years, BIT Mining's highest Days Payable was 177.97. The lowest was 1.56. And the median was 18.25.

BTCM's Days Payable is ranked worse than
63.32% of 2519 companies
in the Software industry
Industry Median: 50.96 vs BTCM: 33.59

BIT Mining's Days Payable increased from Sep. 2022 (22.63) to Sep. 2023 (29.94). It may suggest that BIT Mining delayed paying its suppliers.

BIT Mining Days Payable Historical Data

The historical data trend for BIT Mining's Days Payable can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

BIT Mining Days Payable Chart

BIT Mining Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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45.32

177.97

15.00

21.50

119.76

BIT Mining Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															30.99	34.04	34.92	29.94	134.46

Competitive Comparison of BIT Mining's Days Payable

For the Information Technology Services subindustry, BIT Mining's Days Payable, along with its competitors' market caps and Days Payable data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

BIT Mining's Days Payable Distribution in the Software Industry

For the Software industry and Technology sector, BIT Mining's Days Payable distribution charts can be found below:

* The bar in red indicates where BIT Mining's Days Payable falls into.

BIT Mining Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

BIT Mining's Days Payable for the fiscal year that ended in Dec. 2022 is calculated as

	Days Payable (A: Dec. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2021 )	+	Accounts Payable (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (54.383	+	23.397)	/	2 )	/	660.214	*	365
=	38.89					/	660.214	*	365
=	21.50

BIT Mining's Days Payable for the quarter that ended in Sep. 2023 is calculated as:

	Days Payable (Q: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2023 )	+	Accounts Payable (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (25.73	+	24.041)	/	2 )	/	75.843	*	365 / 4
=	24.8855					/	75.843	*	365 / 4
=	29.94

BIT Mining Days Payable Related Terms

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BIT Mining (BIT Mining) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » BIT Mining Ltd (NYSE:BTCM) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

50C0:Germany

Address

428 South Seiberling Street, Akron, OH, USA, 44306

Website

https://www.btcm.group

BIT Mining Ltd is a cryptocurrency mining company, with a long-term strategy to encompass the whole cryptocurrency value chain. Its business covers cryptocurrency mining, mining pool, data center operation and mining machine manufacturing. The company has significant and growing deployed Bitcoin mining machine capacity, owns three hydroelectric cryptocurrency mines with combined power capacity of 435MW and the entire mining pool business operated under BTC.com, including the domain name and wallet. It has also entered into a definitive agreement to acquire a 7 nanometer cryptocurrency mining machine manufacturer "Bee Computing", completing its vertical integration, making self-sufficient while also strengthening competitive position.